Need instant funds? Muthoot Finance now offers higher loan amounts, flexible tenures, and relaxed eligibility for salaried individuals. Here’s everything in simple terms:
Key Features
✅ Loan Amount: Up to ₹20 Lakhs (₹15L if salary <₹50K)
✅ Tenure: Up to 6 Years (72 months)
✅ CIBIL Score: 705+ (675-704 considered for lower amounts)
✅ FOIR: Up to 70% (75% if you own a house)
✅ Balance Transfer: Multiple PL/CC transfers allowed
✅ Special Cases: LLP/Private Ltd./Trusts eligible (3+ years old)
Who Can Apply?
1. Basic Eligibility
✔ Salary: ₹25K+ monthly (for all company categories A/B/C/D)
✔ Employment: Salaried (Govt./Private)
✔ CIBIL: 705+ *(725+ if salary ₹25K-30K)*
✔ Existing Loans: Max 5 running PLs (loans <₹1L not counted)
2. Company Categories
| Category | Max Funding | Special Conditions |
|---|---|---|
| A/B & Govt. | ₹20L | Salary <₹50K → ₹15L |
| C/D | ₹15L | Only with Balance Transfer |
Interest Rates & Charges
- Processing Fee: Case-to-case basis
- Overdraft (OD): 1.5% of principal obligated for first 24 months
- GL Obligation: 1% of principal amount
Documents Required
- PAN + Aadhaar
- Salary slips (last 3 months)
- Bank statements (6 months)
- Employment proof
Special Benefits
🔹 No PF deduction mandatory (varies case-by-case)
🔹 Tranche payments allowed (for loan closure)
🔹 8+ loan inquiries? Only counts as 1 if from same lender!
Location Restriction
📍 Delhi-NCR Only (within 60km of Nehru Place)
Why Choose Muthoot Finance?
✔ Higher loan amounts than most NBFCs
✔ Longer repayment tenure (6 years)
✔ Relaxed CIBIL norms compared to banks
✔ Multiple balance transfers allowed
Apply Today!
📞 Contact us
🌐 Visit official website
